Assessing the current market conditions, the pursuit of VeChain (VET) millionaire status requires a carefully devised strategy and timely execution. In the present market scenario, seizing the opportunity to acquire VET today is seen as a potential avenue for significant gains. However, a pertinent question arises: what quantity of VET is necessary to amass a one-million-dollar fortune?
As per the latest market update, VET is currently valued at $0.03535, with a trading volume of $138,880,271 within the past 24 hours. For those aspiring to achieve a $1 million portfolio with VeChain priced at $1 per coin, the calculation is straightforward: divide the desired target of $1,000,000 by the coin price of $1, resulting in the acquisition of 1,000,000 VET.
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How much VeChain (VET) do you need to become a millionaire if the price hits $1?
To determine the current cost of this strategic investment, multiply the quantity of VET (1,000,000) by the existing price of $0.03535, totaling $35,350.
This fundamental calculation remains applicable for investors eyeing earnings of $2 million or $3 million when VET potentially reaches $1. Achieving VeChain millionaire status in the long-term trading landscape is indeed feasible, albeit requiring a substantial capital foundation.
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The significance of the $1 milestone
VeChain holds a notable position among the top 10 digital currencies in the market. Despite VeChain’s commendable recent surge amid the prevailing market conditions, VET has yet to surpass the critical $1 resistance point.
Furthermore, this milestone at $1 signifies a crucial juncture in VeChain’s historical performance. Additionally, with an all-time high of $0.2782, the $1 threshold still seems like a far reach.